According to leading real estate professionals, if the real estate industry is a baseball game, then it is in its fourth or fifth inning. If you are keen on the real estate business, here are a number of trends you should look out for this year:
Second-tier cities are leading the recovery
If you have noticed, builders, developers and investors have lost interest in 24-hour gateway cities, where the economy does not rest for the night, and have shifted their attention to second-tier cities, which are coming up and growing to become 24-hour economies, where they can find more housing deals. Therefore, if you are looking to invest in real estate, going for those big cities might not be a smart decision this year.
Multifamily apartments are waning
During the recession, there was a constantly growing demand for apartments. As a result, with a boost from heightened demand for homeowners-turned…
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